(1) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties.
(2) Except for one who is a transferor under KRS § 385.042, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

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Terms Used In Kentucky Statutes 385.152


(3) Except as provided in KRS § 385.182(6), a custodian need not give a bond.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 182, sec. 15, effective July 15, 1986.